Galaxy Entertainment Group (GEG) said in a statement to the Hong Kong Stock Exchange on Wednesday that its net revenue fell 61% both year-on-year and quarter-on-quarter to HK$5.1 billion in the first quarter.
gaming revenue
Wynn Macau reported today a net loss of US$154.1 million (MOP 1.23 billion) in the first quarter.
SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.
Macau’s gross gaming revenue fell 96.8% year-on-year to MOP 754 million (US$95.1 million) in April.
Macau’s gross gaming revenue last month touched the lowest level in a year as casinos continued to be slammed by economic and geopolitical troubles.
Gross gaming receipts in June rose to 19.99 billion patacas, 25.9 percent year on year.That compares with the median prediction for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.
Macau’s gross gaming revenue in May rose 23.7 percent year-on-year to MOP 22.74 billion, posting a 10-month winning streak and beating analysts’ forecasts.
Fitch Ratings projects 12% gaming revenue growth in Macau for 2017 with equal contributions from the mass market and VIP segments.
Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.